ar

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

شائع Word Problems >

Josiah puts 1,608.00 into an account to use for school expenses. The account earns 13% interest, compounded annually. How much will be in the account after 5 years?

الحلّ

J os iah p u t s 1, 608.00 in t o an a cco u n t t o u se f or sc h oo l e x p e n ses . T h e a cco u n t e a r n s 13% in t eres t, co m p o u n d e d ann u a ll y . Ho w m u c h w i ll b e in t h e a cco u n t a f t er 5 ye a rs ?

الحلّ

Amount : 2962.64

خطوات الحلّ

Translate the problem into an equation:

A = 1608 (1 + \frac{0.13}{1})^{1 \cdot 5}

1608 (1 + \frac{0.13}{1})^{1 \cdot 5} = 2962.63576 \dots

Round to the nearest hundredth:

2962.64

Amount : 2962.64

أمثلة شائعة

After a 15% decrease in price an item sells for 560. What was the original price?Angela deposits 1000 into an account with an APR of 2.9% for 11years. Find the future value of the account if interest is compounded weekly. Round your answer to two decimal places.six times a number less 7 is 41. find the number The difference between the squares of two numbers is 5 . Twice the square of the first number increased by the square of the second number is 22 . Find the numbers find the volume of a sphere which radius is 3cm